Axi
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| Aspect | Details |
|---|---|
 |  |
| Leverage | 1:500 |
| Minimum Deposit | $0 |
| Year Established | 2007 |
| Regulation | FCA (UK), ASIC (Australia), Dubai, St. Vincent and the Grenadines |
| Payment methods | Bank Card, Bank Transfer, E-wallets |
| Publicly Traded | ✅ |
| Employees | 201-500 |
| Type of Broker | Forex, CFD, Crypto |
| MT4 | ✅ |
| MT5 | ❌ |
| Trading Assets | 86 Currency Pairs (Forex, CFDs, Crypto) |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| CopyTrading | ✅ |
| Signals | ✅ |
| Deposit Fee | ❌ |
| Withdrawal Fee | ❌ |
| Rating | ★★★★ 4.7 |
| Offers | Official Website |
Pros and Cons
- Regulated by ASIC, FCA, and DFSA, ensuring a secure and trustworthy trading environment.
- Over 140 trading instruments, providing a diverse range of options for traders.
- Comprehensive educational resources, including courses from the Knightsbridge Trading Academy.
- Deposit insurance and a compensation fund of up to €20,000 per client, enhancing trader protection.
- Low entry threshold with accounts having no minimum deposit requirements.
- Recognition as the best MT4 Forex broker and best Forex broker in Europe by reputable sources.
- Users report occasional issues with fund withdrawals.
- Limited demo account period, available for only 30 days.
- Withdrawals are possible only through Neteller and bank transfer, with no support for popular e-wallets.
- Complex and lengthy account verification process.
- Lack of Chinese-speaking specialists in customer support.
- Limited information on the website about investment programs and trading conditions.
- Block trades sometimes operate out of sync.
Introduction
Axi, an Australian-based brokerage firm, has etched its presence in the Forex market over the past decade.
Established in 2007 by industry professionals, the company has a global reach, offering an extensive array of trading instruments, including Forex, metals, cryptocurrencies, and CFDs.
It holds licenses from ASIC, FCA, and DFSA, emphasizing its commitment to providing stability and innovation to traders.
In this in-depth review, we explore its key features, assess its advantages, and address potential concerns raised by traders.
Create AccountYears in the Market
Founded in 2007, AxiCorp Financial Services Pty Ltd leverages real trading knowledge to provide comprehensive brokerage services.
Bringing over a decade of experience to the table, Axi has demonstrated resilience and adaptability in the ever-evolving Forex landscape.
Regulatory Compliance
The broker operates under the scrutiny of three reputable regulators: ASIC, FCA, and DFSA, showcasing its commitment to transparency and regulatory standards.
Overall Score
Despite receiving an Overall Score of 6.78 out of 10, Axi faces scrutiny due to diverse user reviews, prompting a closer examination of its performance.
Axi excels in providing educational resources, making it an attractive choice for novice traders looking to enhance their skills.
Instruments Offered
Axi caters to a global audience with a diverse range of assets, boasting over 140 currency pairs, metals, and other CFDs.
Account Types
Traders can choose between two distinct account types: Standard and Pro, each offering unique features tailored to different trading preferences.
Pros and Cons
Advantages:
- Triple regulation provides a strong foundation for trader confidence.
- It offers a broad spectrum of trading instruments, exceeding 140 currency pairs.
Disadvantages:
- Some clients report withdrawal issues.
- The demo account has a limited duration of 30 days.
Evaluation Criteria
User Satisfaction
Axi receives a user satisfaction score of 4.29 out of 10, indicating varying levels of contentment among its user base.
Regulatory Compliance
High scores in regulatory compliance highlight the company’s commitment to safety and adherence to industry regulations.
Commissions and Fees
With a commendable score of 8.86, Axi’s fee structures are competitive and favorably viewed by traders.
Account Opening
- Visit Axi’s Official Website: Start by navigating to the broker’s official website. Locate the “Sign Up” or “Open an Account” option, usually prominently displayed on the homepage.
- Click on “Open an Account”: Once on the registration page, click on the “Open an Account” button. This initiates the account creation process.
- Choose Account Type: Select the type of account you wish to open. Axi typically offers two main account types: Standard and Pro. Consider your trading preferences and expertise level when making this choice.
- Complete Personal Information: Fill in the required personal information accurately. This includes your full name, email address, contact number, and residential address.
- Set Login Credentials: Choose a secure password for your account. Ensure it meets their password requirements for enhanced security.
- Verify Identity: Axi, being a regulated broker, may require identity verification. Prepare a government-issued ID (passport, driver’s license) and proof of address (utility bill, bank statement) for this step.
- Agree to Terms and Conditions: Carefully read and agree to the terms and conditions. It’s crucial to understand the rules and policies governing your trading activities.
- Submit Your Application: Once all details are filled and documents uploaded, submit your application. Axi will review your information, and upon approval, you’ll receive confirmation via email.
Account Types
Detailed insights into the Standard and Pro account types, aiding traders in making well-informed decisions aligned with their preferences.
Bonus Programs
Axi, currently abstaining from bonus programs, focuses on maintaining a serious trading environment without the complexities associated with bonuses.
Education and Analysis
Educational Resources
The broker offers a diverse range of educational materials, including video courses and analysis tools, empowering traders with knowledge and insights.
Security Measures
The company offers investor protection mechanisms, and the pivotal role played by regulatory bodies in maintaining a secure trading environment can’t be ignored.
Withdrawal Process
Insights into withdrawal options, processing times, and potential fees associated with fund withdrawals.
Customer Support
Axi provides 24/5 support through various communication channels, ensuring traders receive prompt assistance.
While its support is robust, certain limitations, such as the absence of weekend service and a lack of Chinese-speaking specialists, warrant consideration.
Conclusion
In conclusion, Axi presents a multifaceted profile.
With stringent regulatory compliance, a commitment to education, and a diverse range of instruments, it attracts a global clientele.
However, reported withdrawal issues and certain limitations in support services call for careful consideration.
Traders are advised to weigh these aspects thoroughly to determine if Axi aligns with their trading preferences.
Try Axi with a Demo AccountFAQ – Frequently Asked Questions
References and Sources
- Official Website: www.axi.com/
- Facebook: https://www.facebook.com/axi
- TikTok: https://www.tiktok.com/@axi_global
- LinkedIn: https://www.linkedin.com/company/axicorp/
- Twitter: https://twitter.com/axi_official
- Instagram: https://www.instagram.com/axi_official/
Trader’s Opinions
User Reviews
Mitch
I’ve been trading with Axi for over a year now, and I couldn’t be happier with the experience. Their platform is user-friendly, and I appreciate the educational resources they provide. What sets Axi apart for me is their exceptional customer service. Whenever I’ve had a question or needed assistance, their support team has been quick to respond and incredibly helpful. Axi has truly become my go-to broker for all my trading needs.
So far so good
Axi offers a standard brokerage service with the usual features you’d expect. While I haven’t had any significant problems with them, I also haven’t been particularly impressed. It’s a solid choice if you’re looking for a no-frills broker, but don’t expect anything extraordinary.
My axi review
What sets Axi apart is its dedication to continuous improvement. They’re always updating their platform with new features and enhancements to ensure that traders have access to the latest tools and technologies.
Write your opinion
Article written, edited and reviewed by
Adam Rosen
Adam Rosen is a seasoned senior marketer whose expertise extends far beyond the norm. Drawing from decades of experience in the industry, Adam plays an integral role in our team, infusing his insights into every project we tackle. But that's not all – Adam has a unique knack for breaking down complex broker information and crafting insightful reviews for our website, Brokfolio. His dedication to providing readers with valuable insights and guidance makes him an invaluable asset to our team. Beyond his professional pursuits, Adam is fueled by an unwavering passion for technology and fintech. He thrives on pushing boundaries and exploring new horizons in these dynamic domains. Curious to learn more about the mind behind the words? Dive into Adam Rosen's profile to discover a wealth of expertise, innovation, and a relentless drive for excellence.
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Last updated: May 1, 2024
